Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1887-09-14
YOUNG NEW WORKERS.
MEN OF 80 DOING THE BUSINESS
OF THE METROPOLIS.

youngsters who Are Absolute Monarchs
in the Domain of Finance, Politics,
Publishing and the Various PROBES.
sions-some Of the Successful Men.
Especial Correspondence
New YORK, Aug. a9.-"rhere he Isl"
"Where2 don't see him."
"Why, the little fellow in the crowd Of
brokers to the right of that pillar" aa-
Job. yes, see him now. So that d Eddie
Gouldf"
Eyes, that's Eddie Gould, and a smart one
he is, too. He has all the dash Of his father
and the courage Of a Napoleon. I predict
that he will make great name in the field Of
speculation before he il 80 years old"
This conversation took place one day this
week in the board room Of the Consolidated
Stock Exchange. The speakers were two
brokers, who, in common with the rest of the
world OF finance, have been amazed at the
nerve of young Edward Gould, second son Of
Jay Gould. This youngster is not quite %
years old, and yet he seems to know all about
the quicksands and Quagmires Of speculation.
For the past few weeks he has been famil-
lar figure on Broadway and in the Consoli.
dated Stock exchange He has operated like
veteran and has made money, too. So sue
cessful has he been in stock speculation that
his bank account is said to stand a clean profit
of 100000 for his summers work. He
watches the stock ticker with feverish inter-
est. He knows what every move on the
checkerboard Of finance means He talks
eloquently and sensibly about dividends and
dividend paying roads. He knows all the
sign posts on the devious road of speculation.
He is full Of ideas and youthful enthusiasm,
and he doesn't hesitate to back his opinions
with his money And yet he is only 20 years
old Some people seem to think that his
father, Jay Gould. supplies him with money
and the information to operate on, but Mr..
Gould is on record as saying that he does
nothing Of the kind On the contrary, he Is
opposed to his young son operating in stocks,
and would greatly prefer that he should go to
one OF the big colleges to finish his education.
Wall street men keep pretty close watch on
any new meteor that may shoot across its
golden horizon, and the brokers, for once, be-
lieved Jay Could; for several times the son
has stood up and sold his fathers pet stocks
by the armful. and done his best to hammer
down the price. too, while he tucked the
profits snugly away in his ample pocket
Upon first consideration it seems renarka-
BILE that SO young a man should stand Shout
der to shoulder with the giants of the old
guard of speculation; but upon second
thought it is not so strange. The truth is that
almost the entire trade of New York is in the
hands OF young men. Wall street is filled
with men not yet 80 years old, who are
capable OF transacting the most din
cult business and solving the most
wi IF n
the board room Of the Stock Exchange any
day you please, and you will be astonished to
see dozens of young men, representing the
Oldest and most solid houses, buying and sell
ing stocks by the thousand shares, while they
yell like Comanche Indians at dog feast.
One must have good lungs as we'll as brains
to buy and sell stocks. Yells and boots and
cat calls are part Of the successful brokers
stock i'll trade. Nearly all the good positions
are filed by young men, The enormous
banking business of the city is in the hands Of
men III the neighborhood Of so years Of
age. OF course, there are gray heads here
and there in oil the banking houses and
brokers' Offices They act like air brakes on
the young men, but, as a rule, they have
little to do. They are like the soldiers of the
Old Guard; they are on hand to fight only
when the canister Of the enemy has moved
the youngsters down.
In other branches Of trade the young men
have the call. The great dry goods business
OF this city is conducted by men of 80 years
OF age The jewelry trade is monopolized in
the same way. The clothing trade, the boot
and shoe trade, the grain trade, the news
papers, hotels and even the public Offices are
to very large extent controlled by men of
about 80 years Of age.
Let me tell you who some of these young
fellows are
Paul Dana is editor Of The Sun during his
fathers absence in Europe. He is not yet so
years old. Yet he conducts the business Of
the great newspaper as carefully as man of
go He writes great deal for tho paper, Is
full of youthful vigor and mature ideas, and
he makes himself felt from cellar to roof in
The Sun Office. Nor is it a necessity for him
to work hard. He is happily married, has an
income OF $4,000 year, and might, If he so
desired, devote b mself to pleasure. Instead,
he prefers work, and there isno moro faithful
and pains aking journalist in newspaper row
than Paul Dana.
Gilbert Jones, son of the owner of The New
York Times, is another very young man who
might live u life of ease if he so desired, But
he prefers work, and hard work, too His
talents do not run to writing or keeping
books, but to machinery. He may be seen
any day in pair Of dirty overalls in tho
press room of The Times watching the presses
work and helping here and there as faithfully
as n day laborer. Young Mr.. Jones has an
inventive faculty. and The Times press room
contains many evidences of his superior skill
He is not a bit conceited, although he will
some day be the owner Of that great news